Rachel A. Stahler - Mar 31, 2024 Form 4 Insider Report for Organon & Co. (OGN)

Role
Chief Information Officer
Signature
/s/ Tarnetta V. Jones, as Attorney-in-Fact for Rachel A. Stahler
Stock symbol
OGN
Transactions as of
Mar 31, 2024
Transactions value $
-$65,255
Form type
4
Date filed
4/3/2024, 06:41 PM
Previous filing
Apr 2, 2024
Next filing
May 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OGN Common Stock Award $0 +3.58K +9.04% $0.00 43.2K Mar 31, 2024 Direct
transaction OGN Common Stock Tax liability -$23K -1.23K -2.84% $18.80 41.9K Mar 31, 2024 Direct
transaction OGN Common Stock Award $0 +6.55K +15.63% $0.00 48.5K Mar 31, 2024 Direct
transaction OGN Common Stock Tax liability -$42.2K -2.25K -4.63% $18.80 46.2K Mar 31, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OGN Restricted Stock Units Options Exercise $0 -3.58K -49.99% $0.00 3.58K Mar 31, 2024 Common Stock 3.58K Direct F1, F2
transaction OGN Restricted Stock Units Options Exercise $0 -6.55K -33.33% $0.00 13.1K Mar 31, 2024 Common Stock 6.55K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit converts into one share of Organon & Co. ("Organon") common stock.
F2 The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Organon common stock for each RSU. On each of March 31, 2023, and March 31, 2024, one-third of the RSUs vested, with the remaining RSUs to vest on March 31, 2025.
F3 On March 31, 2024, one-third of the RSUs vested with the remaining RSUs to vest in two equal installments on March 31, 2025 and March 31, 2026.